The Day Ahead: PM Edition 2020-01-14

Bonds held support at 157^08 and the daily moving averages today and looks to be rising in a small wave two to test 158^05 or 158^23. Bears need bond prices back under 157^08 to get the next leg lower started.

The Week Ahead: 2020-01-12

As expected, bonds have drifted back up to retest resist at 159^24. I favor 159^24 or 160^31 holding as resist and bond prices falling out the bottom of support at 155^11. The Lomb Periodogram suggests bond prices holding up for another week or two before breaking lower.